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New Member
posted Apr 27, 2021 1:19:52 AM

I live in Nevada and am curious if the $10,200 unemployment tax break only effects state tax or if it's for federal taxes as well?

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4 Replies
Level 15
Apr 27, 2021 1:30:15 AM

 

STATES THAT DO NOT  TAX UNEMPLOYMENT BENEFITS 

AK, CA, FL, MT, NH, NJ, NV ,PA, SD, TN, TX, VA, WA, WY

Level 15
Apr 27, 2021 4:45:05 AM

LOL ... first TX doesn't have a state income tax so there is nothing to be affected.  Next this is a federal change that some states may or may not follow suit. 

Level 15
Apr 27, 2021 5:30:13 AM

OP is asking about Nevada. However, it also does not have a state income tax.

Level 15
Apr 27, 2021 5:37:11 AM

Q. Does the $10,200 unemployment tax break only effects state tax or if it's for federal taxes as well?

A.  Yes, it is for for federal income  tax. In fact, it is for federal income first.  So, the better question is: does it apply to my state income tax too.  

 

Answer: it varies. See https://www.cnbc.com/2021/03/30/10200-unemployment-tax-break-american-rescue-plan-states-giving-the-exclusion.html